AFP Conversations Podcast

Why China Opening a RMB Clearing Hub in America Is a Big Deal for Finance Executives

The People’s Bank of China recently awarded the Bank of China clearing-bank status for its new U.S. Renminbi (RMB) Trading and Clearing Hub. What does that mean for corporate treasury and finance?

Plenty, says today's AFP Conversations guest, Frank Sansone. Sansone is treasurer of the New York branch of China Construction Bank -- the second-largest bank in the world. The well-traveled Sansone also discussed his time working as a treasury executive for Belgian-French bank Dexia and the National Bank of Kuwait.